Istat forecasts 12.4% unemployment in Italy in 2014
Statistics agency says jobless rate should close 2013 at 12.1%04 November, 11:35
The agency added that this level is forecast to rise to 12.4% in 2014, even though the country should return to growth next year after enduring its longest recession in over two decades.
Experts say there is a time lag between an economy recovering from recession and an upturn in employment.
The annual inflation rate is the average of the monthly rates registered during a year.
Last week Istat released provisional data that said unemployment peaked at a record high of 12.5% in September.